ETH miner revenue reaching a new all-time-high may be bad news for low volume yield farmers

On September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap. Ethereum miner revenue, percent from fees and total gas used. Source: Glassnode. When denominated in USD, these numbers are still below the record set on January 10, 2018 — when miners earned $32 million versus $23 million on September 2. The price of ETH at the time was approximately three times the current rate. However, what is…

Cryptocurrency news from Japan: Aug. 23

This week’s headlines from Japan included one of country’s leaders describing Bitcoin creator Satoshi Nakamoto’s dream as meaningful, LayerX Labs collaborating with a Japanese university for blockchain research, the FINSUM blockchain conference hosts notable discussion on security tokens offerings, and the head of Monex Group saying Japan is falling behind the U.S. on STOs.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese Financial Services Agency head describes Bitcoin as impactful At the end of Tokyo’s 2020 Blockchain Global Governance Conference, or BG2C,…

Grayscale pulls ads from Fox News after US shooting controversy

Grayscale Investments, a major crypto investment firm with $5.8 billion in assets, has pulled advertising from Tucker Carlson’s prime-time show following the host’s controversial comments about a recent shooting at a Black Lives Matter protest. The national campaign to promote digital currencies called “The History of Money” was launched three weeks ago and has been running on CNBC, MSNBC, FOX, and FOX Business. On August 27, Fox News host Tucker Carlson appeared to justify a shooting carried out by a 17-year-old with an automatic rifle that resulted in the death…

Numeraire Jumps 190% on Coinbase Listing News; What’s Next?

Numeraire (NMR), the native token of Numerai – a blockchain-based hedge fund, rose exponentially over the last 24 hours. The NMRUSD exchange rate established a year-to-date high at $20.28 after rallying by close to 190 percent on Wednesday. The pair’s massive upside move came days after the announcement of Coinbase Pro–a US-regulated crypto firm– to list NMR-enabled pairs on its proprietary trading platform. On Monday, the San Francisco-based company said that it would enable NMR deposits. It added that once they secure a sufficient NMR supply in their reserves, their…

Altcoin Numeraire (NMR) Jumps 130% On Listing News

It appears that the Coinbase Effect is in full swing. An hour ago, the leading cryptocurrency exchange announced that it will be listing a new coin on its professional trading platform, Coinbase Pro. The cryptocurrency it listed is Numeraire (NMR), a popular altcoin project from 2017, and it has surged over 100% since the announcement: “On Monday, August 17, transfer NMR into your Coinbase Pro account ahead of trading. Support for NMR will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches,…

Cryptocurrency News From Japan: August 2

This week’s headlines from Japan included Coincheck readying its digital shareholder meeting solution, GMO Coin announcing negative leverage trading fees, Decurret testing transactions with a power company, Japanese authorities proposing tax changes, and Japanese finance company FISCO developing apps for shareholder voting and staking.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Coincheck setting up for digital shareholder service  As Tokyo-based crypto exchange Coincheck readies its new digital meeting avenue, the exchange’s co-founder expressed confidence in the project. Known as Sharely, unveiled in…

Cryptocurrency News From Japan: July 5

This week’s headlines from Japan included real estate player Tosei and Tokyo Financial Holdings listing an asset-backed digital financial product, Cointelegraph Japan interviewing a former Japanese central bank staffer, Coinage registering as an exchange with Japan’s financial services agency, and a life insurance company testing digital asset billing transaction.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Tosei and Tokyo Financial Holdings launch a digital securities product Real estate outfit Tosei and Tokai Tokyo Financial Holdings, hold plans for a digital securities product.…

Coinbase Listing News Fits With Bullish Mainstrem Market, Pomp Says

Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts.  “When good times are rollin in the stock market, people want to get in there,” Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano’s response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase’s listing.  Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits…

Cryptocurrency News From Japan: June 21

This week’s headlines from Japan included SBI announcing a digital asset investment fund, Bitflyer Holdings using blockchain for shareholder meeting voting, Japan’s Financial Services Agency warning two unregistered crypto exchanges, a Japanese digital asset exchange self-regulatory group changing chairmen, and Coincheck announcing launch details for its digital shareholder meeting platform.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. SBI unveils a crypto investment fund As an option for individual participants, Japanese financial services entity SBI Holdings expects to form and open Japan’s first…

ISIS-Affiliated News Website to Collect Donations with Monero

The terrorist organization known as the Islamic State of Iraq and Syria, or ISIS, is beginning to switch to Monero (XMR) to accept donations from the public. As reported by blockchain intelligence company, Whitestream, and independently confirmed by Cointelegraph, a news website affiliated with the terrorist organization and the jihadist movement has updated its donations page on June 21 to only accept Monero. According to the tutorial page published by the website, Monero is a more secure method of payment that cannot be traced. The page then explains how users…